FuturesCom Investment Publications Since 1989 Economic and Investment Trend Analysis Since 1979

Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds - Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock - Grains - Softs

FuturesCom Investment Publications
Morning Comments, Wed January 22nd, 2003
Experienced Since 1979 - Serving Professional and Individual Traders World Wide since 1988
7690 Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com

Courage in a Speculator is merely confidence to act on the decision of his mind

Tuesday January 21st, 2003
4:30 PM eastern standard time

The ‘Frenzied’ Forex Front
March Yen
Support should appear near the 8499 to 8484 and 8445
Resistance should appear near 8560 to 8589

March Euro Currency (EC)
Recommended Open Position , Long at 10692
Support should appear at 10680 then 10630 ad 10580
Resistance is at 10730 and10820
.

March Swiss Franc
Resistance should appear near 7378 and 7414 to 7428.
Support should appear near 7342 to 7328 then 7306 and 7255 to 7242.
Aggressive BW traders should go long if a close over 7347 occurs.

March British Pound
Support should appear near 1.6090 and 1.6002 .. below that 1.5922 should contain a decline
Resistance should appear near 1.6150 region. A close over indicates a test of 1.6260 and eventually the 1.6420 to 1.6550 region BW Traders should go long if a close over1.6170 occurs

March Canadian Dollar
Support should appear near 6509 to 6483 and 6430 to 6417, BW Traders can buy at 6431 and risk a close under 6377 for three days in a row…
Resistance is at 6577 to 6591 . Beyond that a test of 6659 to 6673 is likely.
BW Traders should go long if a close over 6516 occurs

March Aussie Dollar
Support is at 5855 and 5830.
Resistance is at 5880 and 5945 to 5957.

The Sensational Stock and Bond Markets

Dow Jones Industrial Average
Resistance should appear near 8484 to 8499 and 8560 to 8589. .
Support should appear near 8406 to 8391. .A close under augurs for a test of 8314 to 8300

March SP500
Resistance is at 893.40 to 896.40 and 904.40 to 906.00.. Above that sellers should appear near the 914.00 to 915.60 region.
Support should appear near 887.10 to 885.60 and the 877.70 to 876.20 region, which should contain a decline.

Nasdaq Composite
Nearby Resistance is at 1377 to 1383 and 1399
Support should appear near 1361.5 and 1346 to 1334

March Mini Nasdaq 100
Resistance is at 1018.5 and 1032 to 1036
Support is at 1005 to 1000 and 993.50 to 992.00

March Ten Year T-Notes
Resistance should appear near 114-07 and 114-23
Support is at 113-23 and 113-04

The Precious Metals

Feb Gold
Recommended Open Position , Long 2 at 354.7 avg
Support should appear at 356.3 to 355.3 and 350.3 to 349.3..
Resistance is at 361.3 to 362.3 and the 366.3 to 368.2 region

March Copper
Support should appear near 7605 to 7585 and 7515 to 7485.
Resistance should appear near 7675 to 7690 and the 7760 to 7775 region.

March Silver
Recommended Open Position , Long at 481.5
Support should appear near 478.5 to 477.5 and the 471.5 to 469.5 region.
Resistance is at 484.5 to 485.5 and 491.5 to 493
Aggressive BW Traders should go long if a close over 494.5 occurs

The Exciting Energies

March Crude Oil
Support should appear near 3270 to 3261 then 3213 to 3194 and 3157 to 3148.
Resistance is at 3319 to 3328 and the 3377 to 3386 region. region..

March Unleaded Gas
Support should appear near 9060 to 9045 then 8965 to 8935 and 8875 to 8855.
Resistance is at 9140 to 9155 then 9235 and 9315 to9345 ..

March Heating Oil
Resistance is at 8855 to 8870 then 8935 to 8965 and the 9040 to 9060 region. . Beyond that sellers should appear near 9315 to 9345
Support should appear near 8780 to 8760 then 8590 to 8560 and 8495 to 8480

March Natural Gas
Resistance is at 5.492 to 5.504 and 5.553 to 5.577
Support is at 5.430 to 5.418, under that 5.356 to 5.344 should hold..
The Lively Livestock

February Live Cattle
Resistance should appear near the 8027 to 8042 region.
Support is at 7957 to 7932 and the 7867 to 7836 region

April Lean Hogs
Support is at 5507 to 5492 and 5432 to 5417
Resistance is at 5557 to 5577 and 5637 to 5652

February Pork Bellies
Recommended Open BW Position Long 8610
Support should appear at 7837 Under that support should appear near 7777 to 7762 and the
7692 to 7672 region
Resistance is at 7867 and 7932 to 7957.

March Pork Bellies
Recommended Open BW Position Long 7845

- Stay tuned for Livestock and Belly Updates -

The Grande’ Grains

March Soybeans
Resistance is at 557 3/4 , beyond that a test of 564 to 565 1/4 is likely.
Support should appear near 550 1/4 to 549 1/2 then 543 to 541 3/4 and the 535 3/4 to 534 1/2 region..
BW Traders can buy at 535 3/4 and risk a close under 525 1/4 for three days in a row..

March Soymeal
Recommended Open Position , Long at 166.7
Support should appear near 165.5 to 164.2 and 161.5 to 160.9
Resistance is at 168.9 to 169.6.

March Soybean Oil
Resistance should appear near 2034 to 2042 and 2080 to 2088
Support should appear near the 1996 to 1982 region.

March Corn
Resistance should appear near 235 1/2 to 237.
Support is at the 231 1/2 and 227 1/2 to 226 3/4 region.

March Wheat
Support should appear at 315 3/4 to 314 3/4 and 310 1/4 to 309 1/2
Resistance is at 319 1/2 to 321 1/4.. Beyond that a test of 326 1/4 to 327 is likely.

The Satisfying Softs

March the ‘ Monster’ Coffee
Recommended Open Position, Long at 6315
Support is near 6590 to 6575 and 6510 to 6480.
Resistance should appear near 6655 to 6675 , a close over is friendly and augurs for a test of 6810 to 6835 and eventually the 6990 to 7005 region.. BW Traders should go long if a close over 6680 occurs

March Cocoa
Support is at the 2134 to 21256 and 2088 to 2080
Resistance should appear near the 2170 to 2185 and 2219 to 2226
BW Traders should go long if a close over 2189 occurs.

March Sugar
Recommended Open Position , Long at 787
Support should appear near 767 to 763 and 751
Resistance should appear near 779 and the 791 to 795 region .

March Cotton
Recommended Open Position , Long at 5070
Support should appear near 4995 to 4975 and 4925 to 4915

Resistance is at 5035 to 5065 and 5125 to 5140..
BW Traders should go long if a close over 5220 occurs..

A Ship in Harbor is Safe.. But that is not what ships are built for –

Happy Trading!
Bill
wil@futurescom.com
1-561-433-2995
Tuesday January 21st, 2003
5:30 PM , South Florida Beach Time

THIS PUBLICATION CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. ADDITIONAL RISK DISCLOSURE IS AVAILABLE.